Acxiom Aims for 'Big Data'

by Luke Jones  on Monday, Feb. 13, 2012 12:00 am  

Recently, Acxiom Corp. announced its plans to drive $30 million into company investments. Most of that will go into research and development, which Acxiom President and CEO Scott Howe said could mean upwards of 300 to 400 jobs. So what are all those new folks going to do?

Howe told Arkansas Business that Acxiom was surging forward into that goldmine of personal data, digital media. The $30 million investment will help the company break into that sector and others, Howe said.

"When we think about what clients are telling us they're trying to do, a lot of tactics they're trying to deploy are in emerging media types," he said, "email, banner advertising, search engines, social media, you name it. How we incorporate that data, yet adhere to strict privacy controls, is something to think hard about. We don't want to get in over our skis."

The funding is also intended to enhance Acxiom's existing product line.

"What we've always done is manage customers' databases," Howe said. "That hasn't changed at all. What's changed are elements that go into the customer database, and the methods for mining and distilling that information, then empowering folks around our clients to use that information."

Data Refinery

Howe said the development plan was threefold.

First, he wants to tap into "big data," referring to the explosion of online information that increases every day.

"We see the world's data," he said. "But the nature of the data is changing. If 10 years ago the majority of data was a name, address and telephone number, today there's additional data elements: people's Web-surfing preferences, their search histories."

Then, Howe wants to marry that observable online information with other data sets.

"Once you get that additional data in, there's a lot more need for mining and manipulation of data."

That part of the business involves predictive algorithms and other crunchy calculations - good stuff for those new developers.



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